Turkey expects Ukrainian business to take more active steps to develop joint projects and the Government of Ukraine – to sign a bilateral free trade agreement. “There is a very important issue – signing the free trade agreement between Turkey and Ukraine,” Rusen Cetin, Chairman of the Foreign Economic Relations Board (DEIK) at the Turkey-Ukraine…
The share of renewable electricity in Estonia’s total electricity consumption was 28.9% in the second quarter of this year, up from 24.7% in the same three-month period in 2020, the country’s transmission system operator Elering said on July 19. In the second quarter, Estonian power plants produced 602 gigawatt-hours of renewable electricity, up by 23%.…
Georgia’s external trade turnover amounted to $6.2 billion in January-June, up by 20.7% YoY. The value of exports increased by 25.2% and totaled $1.88 billion, while imports increased by 18.9%, to $4.32 billion. The trade deficit of Georgia in January-June amounted to $2.44 million, or 39.3% of total trade turnover. In the reporting period Georgia’s…
Due to unusually hot weather, there has been a sharp increase in demand for ice cream, water and other appropriate summer food products, according to results of a survey performed among traders. SIA Rimi Latvia public relations manager Juris Sleiers said in the survey that residents had significantly changed their purchasing habits ever since the…
President Gitanas Nauseda has appointed his adviser Simonas Krepsta to the board of the Bank of Lithuania. Krepsta will fill a vacant spot in the bank’s five-member executive body. He was Nauseda’s chief adviser on economic and social policy. Irena Segaloviciene, who is advising the president on social issues, will replace Krepsta in Nauseda’s team,…
Construction of 28 buildings of the Army City, launched in October of 2020, has been completed on the Mount Makhata. Prime Minister Irakli Garibashvili, who visited the Army City, said the government was “doing everything to provide our servicemen with decent conditions” and to ensure the “security guarantees for them”. The Army City project, with…
The Export Promotion Agency of Uzbekistan has signed a cooperation agreement with China’s largest e-commerce giant Alibaba Group. The document provides Uzbek entrepreneurs with unique access to the electronic B2B system and a separate section, thus granting them an opportunity to use the online marketplace. The Export Promotion Agency said it would cover the expenses…